Susquehanna Forecasts Strong Price Appreciation for AerCap (NYSE:AER) Stock

AerCap (NYSE:AER) had its price objective lifted by Susquehanna from $108.00 to $120.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “positive” rating on the financial services provider’s stock. Susquehanna’s target price suggests a potential upside of 16.76% from the company’s current price.

Several other brokerages have also recently issued reports on AER. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 target price on shares of AerCap in a report on Thursday, November 21st. Barclays reissued an “overweight” rating and issued a $115.00 price objective (up previously from $113.00) on shares of AerCap in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.17.

AerCap Trading Up 0.4 %

Shares of AerCap stock traded up $0.44 on Thursday, hitting $102.78. 359,534 shares of the company traded hands, compared to its average volume of 1,217,692. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.89. The company has a market cap of $20.34 billion, a PE ratio of 8.14, a PEG ratio of 2.22 and a beta of 1.81. The stock’s 50 day moving average price is $97.01 and its 200-day moving average price is $95.94. AerCap has a 52 week low of $76.14 and a 52 week high of $107.36.

AerCap (NYSE:AER) last issued its earnings results on Wednesday, February 26th. The financial services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.75. AerCap had a return on equity of 13.98% and a net margin of 32.38%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.97 billion. Equities research analysts predict that AerCap will post 11.29 EPS for the current year.

AerCap declared that its board has initiated a stock buyback program on Wednesday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Trading of AerCap

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. increased its position in AerCap by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 5,601,208 shares of the financial services provider’s stock valued at $545,726,000 after buying an additional 282,980 shares in the last quarter. State Street Corp increased its holdings in shares of AerCap by 8.3% during the third quarter. State Street Corp now owns 4,862,517 shares of the financial services provider’s stock valued at $460,579,000 after acquiring an additional 370,906 shares in the last quarter. 59 North Capital Management LP increased its holdings in shares of AerCap by 17.0% during the fourth quarter. 59 North Capital Management LP now owns 3,704,914 shares of the financial services provider’s stock valued at $354,560,000 after acquiring an additional 538,703 shares in the last quarter. Lyrical Asset Management LP raised its position in shares of AerCap by 1.3% in the 4th quarter. Lyrical Asset Management LP now owns 3,097,840 shares of the financial services provider’s stock valued at $296,463,000 after purchasing an additional 38,264 shares during the last quarter. Finally, Cooke & Bieler LP lifted its stake in shares of AerCap by 3.0% during the fourth quarter. Cooke & Bieler LP now owns 2,934,185 shares of the financial services provider’s stock worth $280,802,000 after buying an additional 86,548 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.

AerCap Company Profile

AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.